What is the latest in the India-US tariff tussle?
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Answer
The U.S. and India are continuing trade negotiations amid high tariffs, with President Trump expressing optimism for a deal. The U.S. has imposed 50% tariffs on Indian imports and is urging the EU to impose up to 100% tariffs on India and China to pressure Russia over oil exports.
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Trump urges EU to impose 100% tariffs on China and India, sources say
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- Trump urged EU officials to impose tariffs of up to 100 percent on China.
- The move is part of a strategy to pressure Russia over its actions in Ukraine. 14s
- Trump also encouraged the EU to apply large tariffs on India, both being major buyers of Russian oil. 19s
- The U.S. indicated willingness to impose similar tariffs if the EU agreed. 47s
- Trump has previously increased tariffs on India and criticized Europe's continued energy ties to Russia. 1m 5s
